ISLAMABAD: President Pakistan Businessmen and Intellectuals Forum (PBIF), President AKIA, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said local banks are not capable enough to meet the requirements of CPEC.

Government should ask banks to increase their strength and invite big foreign banks to step into Pakistan’s promising market, he said.

Mian Zahid Hussain said that FBR has started implementation of establishing 41 buildings on the economic corridor to handle tax related issues. Now government should immediately increase budget and number of employees of the Apex tax agency so that it could handle tax matters properly.